Welsh rail electrification funding set

Published: Thu, 2014-11-27 11:00

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Agreement reached

Agreement was newly reached on Welsh electrification after months of political stalemate, the British government and the Welsh assembly has reached an agreement on funding for the electrification of the South Wales Main Line between Cardiff and Swansea and the Valley Lines peripheral network around Cardiff.

In March a row erupted between the British and Welsh governments over who should fund the two projects. The Welsh government requested the British government to fund both schemes, but the British government insisted that the cost of the Valley Lines electrification should be covered by the Welsh.

However under the deal which will be announced by British Prime Minister Mr David Cameron in Newport today, the British government will take over sponsorship and fund electrification of the Cardiff – Bridgend section of the Cardiff – Swansea line at a cost of £105m and contribute £125m towards the Valley Lines electrification.

In return, the Welsh government will sponsor and deliver the Valley Lines project, and will be responsible for financing the remaining £170m.

Cameron announced also lately that the Welsh government will take over responsibility for tendering the new Wales and Borders franchise, which is due to start in 2018.

Source: Welsh Rail

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